Barclays Maintains an 'Equalweight' on Applied Materials (AMAT); Adjusting Numbers After Analyst Day

Barclays maintains an 'Equalweight' on Applied Materials (NASDAQ: AMAT) price target of $14.00.

Analyst C.J. Muse said Analyst Day notes were somewhat mixed, with positive trends in the semi industry, but lower SSG margin outlook and weakness in EES and Display may be a drag on earnings.

Muse said, "We lower our CY12 estimates to $9.22B/$0.90 (old $0.18B/ $1.00, street $9.77B/$1.04) and our CY13 estimates to $9.69B/$1.05 ($9.66B/$1.15, street $10.14B/$1.13)."

For an analyst ratings summary and ratings history on Applied Materials click here. For more ratings news on Applied Materials click here.

Shares of Applied Materials closed at $12.46 yesterday.

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